High Purity Gas Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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High Purity Gas Market Analysis
The global high purity gas/ultra-high purity gas/pure gas market is expected to grow with a CAGR greater than 6% during the forecast period. One of the major factors driving the market is increasing demand from the electronics Industry. However, the high cost of Indium Tin Oxide is hindering the growth of the market studied.
- Rising demand for solar PV production is another major driver for the market studied
- Asia-Pacific is expected to account for the highest growth rate during the forecast period.
- Among the product types, the noble gas product type is likely to account for the highest market share during the forecast period.
High Purity Gas Market Trends
This section covers the major market trends shaping the High Purity Gas Market according to our research experts:
Noble Gas Product Type to Dominate the Market
- Currently, the noble gas product type has contributed to the highest to the market share in the high purity gas/ultra high purity gas/pure gas market.
- A noble gas, such as helium, argon, and krypton are used for a wide range of applications in the insulation and lighting applications.
- Helium is used for cryogenic rocket propellants in space and missile applications, metal production and nuclear reactors. It is also used in welding, lifting gas in balloons and fluorescent lamps and electronic tubes.
- Hence, owing to the growing demand from end-user industries, noble gas product type is likely to dominate the market studied during the forecast period.
Asia-Pacific to Witness the Highest Growth Rate
- The Asia-Pacific region is the most attractive market for high purity gases owing to the mass production of electronics devices in China and India.
- The growth of this region is supplemented by the government policies to increase semiconductor production in the region.
- For instance, the Chinese government is aiming to rise up major investments in domestic chip companies to build a world-class semiconductor industry, which is likely to propel the growth of the market studied during the forecast period.
- Additionally, there has been increasing demand for high purity gas from the southeast Asain countries in the recent past for usage in industries like electronics, chemicals, energy& power, etc..
- Hence, owing to the above-mentioned reasons, Asia-Pacific is likely to witness the highest growth rate during the forecast period.
High Purity Gas Industry Overview
The global high purity gas/ultra-high purity gas/pure gas market is moderately fragmented as the market share is divided among many players. Some of the key players in the market include Advanced Specialty Gases, Airgas, Inc., Messer Group, Linde plc, and Air Products and Chemicals, Inc, among others.
High Purity Gas Market Leaders
Advanced Specialty Gases
Airgas, Inc.
Air Products and Chemicals
Linde plc
*Disclaimer: Major Players sorted in no particular order
High Purity Gas Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Demand from Electronics Industry
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4.1.2 Rising Demand for Solar PV Production
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4.2 Restraints
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4.2.1 High Cost of Indium Tin Oxide
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4.2.2 Other Restraints
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4.3 Industry Value-chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Product Type
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5.1.1 High-Purity Atmospheric Gases
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5.1.2 Noble Gases
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5.1.3 Carbon Gases
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5.1.4 Other Product Types
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5.2 Application
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5.2.1 Insulation
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5.2.2 Lighting
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5.2.3 Coolant
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5.2.4 Other Applications
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5.3 End-user Industry
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5.3.1 Electronics
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5.3.2 Metal Production
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5.3.3 Chemicals
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5.3.4 Energy and Power
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5.3.5 Medical and Healthcare
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5.3.6 Food and Beverages
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5.3.7 Other End-user Industries
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5.4 Geography
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5.4.1 Asia-Pacific
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5.4.1.1 China
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5.4.1.2 India
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5.4.1.3 Japan
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5.4.1.4 South Korea
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5.4.1.5 ASEAN Countries
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5.4.1.6 Rest of Asia-Pacific
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5.4.2 North America
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5.4.2.1 United States
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5.4.2.2 Canada
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5.4.2.3 Mexico
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5.4.3 Europe
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5.4.3.1 Germany
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5.4.3.2 United Kingdom
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5.4.3.3 Italy
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5.4.3.4 France
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5.4.3.5 Rest of Europe
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5.4.4 South America
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5.4.4.1 Brazil
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5.4.4.2 Argentina
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5.4.4.3 Rest of South America
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5.4.5 Middle-East and Africa
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5.4.5.1 Saudi Arabia
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5.4.5.2 South Africa
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5.4.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Advanced Specialty Gases
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6.4.2 Airgas, Inc.
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6.4.3 Air Liquide
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6.4.4 Air Products and Chemicals, Inc
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6.4.5 American Welding & Gas
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6.4.6 Iwatani Corporation
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6.4.7 Matheson Tri-Gas, Inc.
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6.4.8 Messer Group
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6.4.9 OSAKA GAS LIQUID Co., Ltd.
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6.4.10 Linde plc
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
High Purity Gas Industry Segmentation
The high purity gas/ultra-high purity gas/pure gas market report includes:
| Product Type | |
| High-Purity Atmospheric Gases | |
| Noble Gases | |
| Carbon Gases | |
| Other Product Types |
| Application | |
| Insulation | |
| Lighting | |
| Coolant | |
| Other Applications |
| End-user Industry | |
| Electronics | |
| Metal Production | |
| Chemicals | |
| Energy and Power | |
| Medical and Healthcare | |
| Food and Beverages | |
| Other End-user Industries |
| Geography | ||||||||
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High Purity Gas Market Research FAQs
What is the current High Purity Gas/Ultra-high Purity Gas/Pure Gas Market size?
The High Purity Gas/Ultra-high Purity Gas/Pure Gas Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in High Purity Gas/Ultra-high Purity Gas/Pure Gas Market?
Advanced Specialty Gases, Airgas, Inc., Air Products and Chemicals and Linde plc are the major companies operating in the High Purity Gas/Ultra-high Purity Gas/Pure Gas Market.
Which is the fastest growing region in High Purity Gas/Ultra-high Purity Gas/Pure Gas Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in High Purity Gas/Ultra-high Purity Gas/Pure Gas Market?
In 2024, the North America accounts for the largest market share in High Purity Gas/Ultra-high Purity Gas/Pure Gas Market.
What years does this High Purity Gas/Ultra-high Purity Gas/Pure Gas Market cover?
The report covers the High Purity Gas/Ultra-high Purity Gas/Pure Gas Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the High Purity Gas/Ultra-high Purity Gas/Pure Gas Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Ultra-High Purity Gas Industry Report
Statistics for the 2024 Ultra-High Purity Gas market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ultra-High Purity Gas analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
